Is Nashville a buyer's market right now?

Yes, Nashville currently favors buyers. The number of homes for sale has gone up a lot, and prices have slightly dipped from last year. There are 11,374 homes on the market, which is 13.3% more than there were a year ago. This gives buyers more choices and less competition. The median listing price is $539,900, which is a small decrease of 1.7% compared to last year. Homes are also staying on the market longer, now at 52 days, compared to previous years. Even though fewer homes are going under contract compared to the total available, about 18.7% of homes have also dropped their prices. This means sellers are more open to negotiating. For someone looking to buy, this means you have more options to choose from and a better chance of finding a home at a price you like. Take your time and look for opportunities.